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821 Main St E Hamilton, Ontario L8M 1L7

9000 sqft

$2,999,900

Great value add opportunity in this legal 12 unit building perfectly situated between the Gibson/Stipley & St.Clair neighbourhoods in lower Central Hamilton steps to the future LRT route. A perfect candidate for the CMHC MLI select energy efficiency program. The building features 6-2 bedroom,1 bathroom & 6-1 bedroom,1 bathroom units with spacious floor plans, unused updated lockers, separate hydro meters & shared coin operated laundry. Newer fire escape, roof and gas boiler. Tons of upside with rents while currently grossing $184,632 annually. $500,000 VTB available. ASSUMABLE 3.25% CMHC MORTGAGE AVAILABLE NOT MATURING UNTIL JUNE/2027! Through renovation, rent increases & additional locker income- this asset can be an anchor property in your portfolio for years to come (id:50185)

Business

Business Type Residential
Business Sub Type Apartments

Property Details

MLS® Number X7284494
Property Type Multi-family
Community Name Stipley
Amenities Near By Highway, Public Transit

Building

Size Interior 9000 Sqft
Type Multi-family
Utility Water Municipal Water

Land

Acreage No
Land Amenities Highway, Public Transit
Sewer Sanitary Sewer
Size Irregular 46.82 X 94.93 Ft
Size Total Text 46.82 X 94.93 Ft

https://www.realtor.ca/real-estate/26261932/821-main-st-e-hamilton-stipley

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